Lead Ventures Inc. Announces New Nominee for Election as Director and Filing of Subsequent Amendment to its Management Information Circular

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CSE: LEAD

VANCOUVER, Oct. 11, 2018 /CNW Telbec/ - Lead Ventures Inc. (CSE: LEAD) (the "Company") announced today a change to the director nominees standing for election at its annual general and special shareholder meeting scheduled to be held on Friday, October 12, 2018 (the "Meeting") as part of the proposed business combination (the "Business Combination") that will result in a reverse takeover (RTO) of the Company and the listing for trading of the subordinate voting shares of the resulting issuer (the "Resulting Issuer") on the Canadian Securities Exchange.

Due to other private business obligations to which she needs to devote her time and attention, Ms. Roma Khanna has withdrawn her name as a nominee for director of the Resulting Issuer at the Meeting.

In light of the foregoing withdrawal, the Company wishes to propose Mr. Peter Derby to replace Ms. Khanna as director of the Resulting Issuer. Mr. Derby is a distinguished businessman who is a founding partner of Concinnity Advisors, LP, the sub-advisor with investment discretion for the Capital Stewardship Strategy, which was formed in 2011, and formerly, Mr. Derby was a portfolio manager at Diamondback Advisors NY, LLC, a founding member of The Concinnity Group, LLC, Managing Executive for Operations and Management of the Securities Exchange Commission and Chairman, President and Chief Executive Officer of DialogBank. It is intended that Mr. Derby replace Ms. Khanna as member of the Resulting Issuer's audit committee and as Chair of the Resulting Issuer's compensation committee.

The Company has been advised by certain significant shareholders and directors of the Company who will attend the Meeting that they intend to vote for Mr. Derby as a director of the Resulting Issuer.

In connection with such change to the director nominees standing for election at the Meeting, the Company also wishes to announce that it has filed a second amendment (the "Second Amendment") to the management information circular of the Company dated September 12, 2018 (the "Circular"), as amended by an amendment to the management information circular dated October 5, 2018 (the "First Amendment"). A copy of the Second Amendment is available on SEDAR at www.sedar.com.

Management of the Company recommends that the shareholders vote FOR the approval of Mr. Derby as director of the Resulting Issuer at the Meeting.

Except as described above, the Circular remains unchanged from the version that was mailed to the shareholders of the Company, and except as described above, each of the Circular and the First Amendment remain unchanged from the versions that were previously filed on SEDAR.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has in no way passed upon the merits of the Business Combination and has neither approved nor disapproved of the contents of this press release.

Disclaimer for Forward-Looking InformationCertain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, many of which, by their nature, are inherently uncertain and outside of the Company's control and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, information concerning the Business Combination, the timing for holding the Meeting of the Company and expectations regarding the listing of the shares of the Resulting Issuer on the Canadian Securities Exchange. Those assumptions and factors are based on information currently available to the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability to consummate the Business Combination; the ability to obtain requisite regulatory and shareholder approvals and the satisfaction of other conditions to the consummation of the Business Combination on the proposed terms and timeline; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In particular, there can be no assurance that the Business Combination will occur, or that if the Business Combination does occur, it will be completed on the terms described above. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking information contained in this release is made as of the date hereof and the Company assumes no obligation to update or revise any forward-looking statements or forward-looking information that are incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.